USD/JPY beat 110.70/80 for the next target of 111.15/20.
EUR/JPY longs at 129.50/40 worked perfectly, with a high for the day here targeting 130.00/05 (hit) and strong resistance at 130.25/35.
CAD/JPY hit our target and strong resistance at 8790/8810, with the best chance of a high for the week. Shorts need stops above 8830.
Today’s Analysis
USD/JPY hit the next target of 111.15/20 this morning. Expect very important 4 year trend line resistance at 110.65/85. Shorts need stops above 111.10. First support at 110.80/70 could hold the downside. However further losses meet strong support at 110.40/30.
EUR/JPY potential 50 pips profit already this week as we target 130.00/05 and strong resistance at 130.25/35. Try shorts with stops above 130.50. First support at 129.50/40 again today, longs need stops below 129.25. A break lower targets 129.05/95, then 128.65/55.
CAD/JPY hit very strong resistance at 8790/8810, with the best chance of a high for the week. Shorts need stops above 8830. A break higher is an important longer term buy signal, initially targeting 8865 and 8895. Shorts at at 8790/8810 target 8750/40 and 8685/75 for profit taking.
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